American Eagle Outfitters, Inc. Plans Quarterly Dividend of $0.13 (NYSE:AEO)

American Eagle Outfitters, Inc. (NYSE:AEOGet Free Report) announced a quarterly dividend on Tuesday, June 4th, RTT News reports. Shareholders of record on Friday, July 12th will be given a dividend of 0.125 per share by the apparel retailer on Friday, July 26th. This represents a $0.50 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Friday, July 12th.

American Eagle Outfitters has increased its dividend by an average of 2.9% annually over the last three years. American Eagle Outfitters has a payout ratio of 25.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect American Eagle Outfitters to earn $1.91 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 26.2%.

American Eagle Outfitters Stock Performance

Shares of American Eagle Outfitters stock opened at $20.17 on Thursday. American Eagle Outfitters has a one year low of $12.04 and a one year high of $26.44. The company has a 50-day simple moving average of $21.91 and a two-hundred day simple moving average of $22.32. The company has a market capitalization of $3.96 billion, a PE ratio of 18.17, a P/E/G ratio of 0.96 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEOGet Free Report) last announced its earnings results on Wednesday, May 29th. The apparel retailer reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.06. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. American Eagle Outfitters had a return on equity of 19.39% and a net margin of 4.12%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 EPS. On average, equities analysts predict that American Eagle Outfitters will post 1.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barclays upped their target price on American Eagle Outfitters from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. JPMorgan Chase & Co. raised American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 target price for the company in a report on Tuesday, April 9th. Telsey Advisory Group reiterated a “market perform” rating and issued a $25.00 price target on shares of American Eagle Outfitters in a report on Thursday, May 30th. Morgan Stanley decreased their price objective on shares of American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Thursday, May 30th. Finally, StockNews.com upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Monday, May 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $25.00.

Get Our Latest Analysis on AEO

American Eagle Outfitters Company Profile

(Get Free Report)

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.

Further Reading

Dividend History for American Eagle Outfitters (NYSE:AEO)

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